Kohl’s Says No New Store Closures Are Planned for 2026 After 27 Shutdowns, but Weak Traffic Still Haunts Shares
Kohl’s CEO Michael Bender said the company does not plan another broad round of store closures in 2026 after shutting 27 locations last year. Fourth-quarter net sales fell 3.9% to $5.0 billion, and comparable sales dropped 2.8%. Shares closed down 2.7% at $12.69 on Tuesday. Executives cited weak store traffic and ongoing pressure on low- to middle-income shoppers.